As for the target market, we are focusing on Brownstone buildings in New York City.

One thing I’ve learned in land acquisition is that the approach has to change depending on the market.

It's starting to warm up here and more is coming on the market.

Also, how'd you narrow down your search to these two markets? 

In my markets there is a city I have long worked with, Foley MN.

I'm familiar with the small town market, in general, and your long term exit strategy might be turning a building into a flea market.

MikeI find most multi family deals in C areas that are in the verge of gentrifying or in tertiary markets like you are looking at!

She'll pay me market rate rent, thus keeping that money in the family, and the condo will eventually transition into a more traditional rental property that will support my retirement and that my children will one day inherit. 

It is a tough market in south FL but you can do it.

Taking apps and structuring loans is only one part; you also have to understand marketing, lead gen and prospecting, and day to day business management.